Lockheed lands $2.3B in end-of-year F-35 contracts

Just as Lockheed Martin Corp. surpassed its 2019 goal for F-35 deliveries, end-of-the-year defense spending netted the company another $2.3 billion-plus in defense contracts related to the stealth fighter. 

The Department of Defense on Dec. 31 disclosed five contract awards that went to the Bethesda defense giant (NYSE: LMT) during the last week of the year, all tied to the advanced fighter program, ranging from maintenance and integration operations for existing fighters to early production of new ones.  

Here’s a breakdown of the contract awards:

$1.9 billion for recurring logistics services — including ground maintenance activities, automatic logistics information system operations and maintenance, reliability, supply chain management and other services — for Air Force, Marine Corps, Navy, non-DOD participants and foreign military sales customers;
$172.2 million for long-lead materials, the components that take the longest time to design and fabricate, for 28 fighters from…

Read the full story from the Washington Business Journal.

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